XRP Gains Institutional Traction as Advisors Bet on Long-Term Viability

Bitwise CIO Matt Hougan recently shed light on why financial advisors are flocking to XRP, and the reasons have little to do with its price. According to him, one reason is that XRP has an impressive track record and background, giving people confidence in its long-term viability.

Hougan also noted that XRP fits into real-world applications that financial advisors can understand, particularly in the stablecoin space and cross-currency liquidity. Advisors are paying attention to news about Ripple getting a bank charter, which is fueling interest in XRP ETFs. In fact, these funds have seen an 11-week streak of inflows, with the Bitwise fund leading the way at $677 million in cumulative inflows.

This surge in investment comes after XRP's price saw an 80% rise in net assets during Q3, reaching a record $1.77 billion on September 25. While the current price is still down from its all-time high of $3.65, Hougan believes that XRP will persist due to its practical applications and established reputation.